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Reply to "Giving kids a down payment "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This board is insane sometimes. Idk a single person whose parents helped them buy a house [/quote] In my experience, it is pretty common in affluent suburb to have parents that help with the down payment. It's a nice thing to be able to help you kids, and then they will pass it on to help their kids. It provides a nice cushion in life. Even if you did not experience that, you can try to start the tradition for your kids.[/quote] My parents are in their 80s and have accumulated a nice amount of wealth and they are giving their 5 grandchildren money for a DownPayment- They are planning about 300k per child.[/quote]
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